This year’s budget deficit is predicted to be nearly $45.9 billion – with an even worse projection for next year. According to the Deloitte report, “2015-16 looks like it has been written by Stephen King and painted by Edvard Munch.”
Many people say that Australia is “The Lucky Country”, but if we want to continue to be lucky, we need to change our game. If we want economic prosperity, we need to shift our focus from extracting natural resources to mining knowledge resources and growing innovative companies.
Image: Fishburners.
